A fake resignation letter, purportedly from Federal Reserve Chair Jerome Powell and generated using artificial intelligence, spread rapidly on social media, fooling several prominent Republicans including Senator Mike Lee of Utah.
Lee posted and then deleted the letter, which was riddled with errors and quickly debunked as a hoax. The incident highlights the growing risks of AI-generated disinformation, especially as it can influence public figures and even financial markets—Bitcoin briefly spiked 10% following the letter's circulation. The episode also underscores ongoing tensions between Trump allies and Powell, as well as the vulnerability of political discourse to viral fake news.
This is not the first time Senator Lee has been criticized for sharing misinformation online.
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